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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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No free lunch was ever served quickly. Traditional supply chain cannot offer both low prices and fast delivery. Online retailing has changed. Before, we see e-commerce companies fulfilling consumer demand from a small number of… Delivery Not Keeping up with Consumers Demand? Put Agility in Your Supply Chain Network Design
Peter Drucker, one of the first managerial thinkers, introduced MBO or Management by Objectives. This eventually paved the way for the birth of the Objectives and Key Results (OKR) management philosophy. Andy Grove, known as… Objectives and Key Results (OKR): Your Management Strategy to Achieving That Goal
In today’s digital age, organizations are faced with the changing nature of the demand curve and the element of uncertainty in the supply chain. For operations teams, the challenge and competitive advantage have become: How… Digital Supply Chain Strategy: How to Counter Potential Disruptions in Today’s Digital Age
The amount of time the Board of Directors spend on their work and commit to strategy is rising. Directors say they dedicate more time now to their Board duties than ever before. In fact, since… Board Excellence 101: Your Guide to Building A Forward-looking Board
Enterprises invest in Analytics to improve Decision Making and outcomes across the business. This is from Product Strategy and Innovation to Supply Chain Management, Customer Experience, and Risk Management. Yet, many executives are not yet… A Startling Fact about Analytics-driven Organizations
Human judgment can be unreliable as these are all susceptible to errors. In Strategy Development, organizations make a lot of strategic decisions. These strategic decisions share a common feature: they are evaluative judgments. In making… Stop Making Unreliable Human Judgments: The Science of Strategic Decision Making
Richard Branson, British business and philanthropist once said: “One day, offices will be a thing of the past.” While organizations still need to travel to reach their physical offices, the rapid changes in the world… When Physical Office Becomes Passe, Are We Ready for Virtual Teams?
More sophisticated managers explicitly use Key Performance Indicators (KPIs) to promote cross-functional–not just vertical–alignment. For them, KPIs are the means and methods for rigorously defining and measuring the fundamentals that matter. Why are KPIs important?… Key Performance Indicators (KPIs) Best Practices: Your Guide to Driving Performance Improvements
Many Boards have improved their structures and processes. Yet, despite all the corporate-governance reforms undertaken, many Boards failed the test of the financial crisis. This shows that even if the Board of Directors is stacked… The 3 Effective Tests of Assessing Human Dynamics of the Board
The business has become more challenging as the global market becomes more demanding. This change in the global market is putting pressure not only on Management but also on the Board. Strategy Development now demands… How to Achieve Board Excellence? Here’s a Guide to Engaging Your Board
Organizations are continually searching for innovative ways of enhancing competitiveness. This is brought about by evolving external factors such as changing demographics, globalization, and technology. Because of changing dynamics, it has required managers to rapidly… The Burke-Litwin Change Model: Today’s Most Influential Model on Organizational Change
Business Process Reengineering (BPR) can be a great success but it can also be a great failure. After months or years of careful redesign, organizations can achieve dramatic improvements in individual processes. However, a paradoxical… Business Process Reengineering (BPR) Implementation Guidelines: Preventing the Risk of Failure